For Sale
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Property summary
This exceptional investment opportunity presents a fully leased, 11-unit multifamily building situated at 464-466 Manor Street in Lancaster, Pennsylvania. The property, built in 1900, boasts 5,400 square feet across three stories and is zoned for medium-density residential use. The building comprises four apartments and seven individually leased boarding rooms, providing a diverse revenue stream. Convenient off-street parking is available for residents. The asking price is $699,000, translating to $129.44 per square foot and approximately $63,545.45 per unit. Its prime downtown location offers unparalleled convenience, with easy walking access to cultural landmarks such as the Fulton Theater and the vibrant Lancaster Central Market. This well-maintained property presents a strong return on investment for a discerning buyer seeking a stable and profitable addition to their portfolio. The property's strong occupancy rate and desirable location make it an attractive proposition for both seasoned investors and those new to the multifamily market. Financial details are available upon request. This is a rare opportunity to acquire a well-positioned, income-generating asset in a thriving Pennsylvania city.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
ion materials and design. See also § 300-42I , which may require a larger sight triangle for a parking lot. Maximum Height of Fences, Walls and Hedges Height Limitations Measured from Grade Residential Districts R1, R2,…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
R3 · Lancaster, PAion materials and design. See also § 300-42I , which may require a larger sight triangle for a parking lot. Maximum Height of Fences, Walls and Hedges Height Limitations Measured from Grade Residential Districts R1, R2,…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
ion materials and design. See also § 300-42I , which may require a larger sight triangle for a parking lot. Maximum Height of Fences, Walls and Hedges Height Limitations Measured from Grade Residential Districts R1, R2,…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for R3 in Lancaster, PA.
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